Balancer Governance Overhaul: veBAL Replaced with Multi-Chain BAL Voting
Balancer Governance Overhaul: veBAL Replaced with Multi-Chain BAL Voting
🗳️ Balancer kills veBAL
BIP-921 is now live on Snapshot, marking a significant shift in Balancer's governance structure.
Key Changes:
- Raw BAL token balances replace veBAL as voting power source
- No token lockup or decay mechanisms required
- Quorum threshold set at 10M BAL
- Voting enabled across 7 chains: Ethereum, Arbitrum, Base, Polygon, Optimism, Gnosis, and Avalanche
This proposal follows the sunset of veBAL and simplifies participation by removing lockup requirements. BAL holders on any of the supported chains can now participate in governance decisions.
Vote on Snapshot.
BIP-921 is live on Snapshot. Following veBAL sunset, this proposal reconfigures governance: - Raw BAL balances on 7 chains replace veBAL as the source of voting power - No lockup or decay - Quorum is now 10M BAL. If you hold BAL on Ethereum, Arbitrum, Base, Polygon, Optimism,
Balancer Pool Hits $14M TVL on Monad Network
A stablecoin liquidity pool on Balancer has reached $14M in total value locked (TVL), making it the largest pool across all decentralized exchanges on the Monad network. **Pool Details:** - Combines three stablecoins: AUSD, USDC, and USDT0 - Offers 13.75% total APR from multiple sources - All tokens receive 100% boost on Neverland Money - Incentives available through Merkl **Yield Sources:** - Swap fees from trading activity - Lending yield via Neverland Money integration - Additional protocol incentives The pool has grown significantly from $8M TVL in late April, nearly doubling in less than a month. Liquidity providers earn returns by depositing stablecoins that are simultaneously deployed in Neverland's lending market. [Add liquidity to the pool](https://balancer.fi/pools/monad/v3/0x2daa146dfb7eaef0038f9f15b2ec1e4de003f72b/add-liquidity)
Rocket Pool's rETH Launches on Monad Network
Rocket Pool's liquid staking token **rETH** is now available on the Monad network. The integration allows users to bridge their rETH to Monad while continuing to earn the same Ethereum staking rewards. Once on Monad, rETH holders can access new DeFi opportunities, including a boosted liquidity pool on Balancer. This expansion brings Ethereum's decentralized liquid staking option to Monad's ecosystem, combining staking yields with additional DeFi utility.
Balancer V3 Launches Three-Token Stablecoin Pool on Monad
Balancer V3 has deployed a three-token stablecoin pool on Monad, combining AUSD, USDC, and USDT0 in a single liquidity pool. **Key Features:** - First three-stablecoin pool enabled by Balancer V3 technology - Provides deep liquidity for AUSD stablecoin - Combines swap fees with lending yield for liquidity providers - Operates as both a stable and boosted pool The pool is now live and accessible at [balancer.fi](https://balancer.fi/pools/monad/v3/0x2daa146dfb7eaef0038f9f15b2ec1e4de003f72b). This deployment showcases V3's capability to handle multi-token stable pools, offering traders tighter spreads and liquidity providers additional yield opportunities beyond traditional two-token pairs.
Monad Enables Scalable Multi-Token Pools with Sub-Second Finality
**Monad's infrastructure breakthrough enables complex DeFi operations at scale.** The platform delivers: - **Sub-second finality** for near-instant transaction confirmation - **Parallel execution** allowing multiple operations simultaneously - **Cost-efficient multi-token pools** that remain practical at scale This technical foundation removes the latency and cost barriers that previously made complex pool operations inefficient on other chains. The infrastructure is purpose-built to support ambitious DeFi protocols requiring high throughput and low costs. Monad's approach addresses a core challenge in decentralized finance: maintaining performance as complexity increases.